Energy Markets
Oil prices drop as Ukraine talks increase prospects of sanctions being eased
Oil prices dropped on Tuesday, as traders weighed the possibility that talks to end the conflict in Ukraine between Russia, Ukraine, and the U.S. could lead to a lifting of sanctions against Russian crude oil, increasing supply. Brent crude futures fell 85 cents or 1.3% to $65.75 per barrel at 1315 GMT. U.S. West Texas Intermediate Crude Futures for September Delivery, which expires on Wednesday, are down 95 cents or 1.5% at $62.47 a barrel. The October WTI contract, which is the more active, was down by 63 cents or 1% at $62.07 per barrel. After a meeting at the...